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Apr

17

Wall Street Veterans Bet on Low-Income Homebuyers

By Tony Seruga

Daniel Sparks and two other former Goldman Sachs executives created Shelter Growth Capital Partners, an investment firm that has been buying homes that were foreclosed on during the financial crisis and later resold to buyers under long-term installment contracts. CreditBrendan Smialowski for The New York Times

As the head of Goldman Sachs’s mortgage department, Daniel Sparks helped make the bank more than a billion dollars betting against the market as housing prices began to crash in 2007.

Today, he is betting on home buyers who no longer qualify for mortgages in the fallout of that housing crisis…

Wall Street Veterans Bet on Low-Income Homebuyers

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